BWX Technologies, Inc. (NYSE:BWXT) SVP Sells $209,840.00 in Stock

BWX Technologies, Inc. (NYSE:BWXT) SVP Ronald Owen Whitford, Jr. sold 2,000 shares of BWX Technologies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the sale, the senior vice president now owns 9,904 shares in the company, valued at $1,039,127.68. This represents a 16.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BWX Technologies Stock Up 1.7 %

BWXT stock opened at $103.82 on Monday. BWX Technologies, Inc. has a 1-year low of $86.70 and a 1-year high of $136.31. The business has a fifty day moving average price of $112.93 and a 200-day moving average price of $114.43. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market capitalization of $9.50 billion, a P/E ratio of 34.38, a P/E/G ratio of 3.20 and a beta of 0.73.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.12. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The firm had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $653.16 million. Equities analysts forecast that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. This is a boost from BWX Technologies’s previous quarterly dividend of $0.24. BWX Technologies’s payout ratio is currently 32.57%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BWXT. Deutsche Bank Aktiengesellschaft lifted their price target on BWX Technologies from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Alembic Global Advisors upgraded BWX Technologies from a “neutral” rating to an “overweight” rating and set a $148.00 price target on the stock in a research report on Tuesday, November 12th. Barclays lifted their price target on BWX Technologies from $90.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. Bank of America boosted their target price on BWX Technologies from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Maxim Group boosted their target price on BWX Technologies from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, BWX Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BWXT. Demars Financial Group LLC raised its stake in shares of BWX Technologies by 9,309.0% in the fourth quarter. Demars Financial Group LLC now owns 4,482,439 shares of the technology company’s stock worth $499,299,000 after purchasing an additional 4,434,799 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in BWX Technologies during the fourth quarter valued at $69,730,000. Balyasny Asset Management L.P. increased its position in BWX Technologies by 204.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 916,323 shares of the technology company’s stock valued at $102,069,000 after acquiring an additional 615,693 shares during the last quarter. Stephens Investment Management Group LLC purchased a new stake in BWX Technologies during the fourth quarter valued at $50,054,000. Finally, Van ECK Associates Corp increased its position in BWX Technologies by 46.7% during the fourth quarter. Van ECK Associates Corp now owns 1,408,736 shares of the technology company’s stock valued at $156,919,000 after acquiring an additional 448,467 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.